A friend of mine has a 04' 2500HD truck that i want really bad. I want to purchase this truck out right from him, but when he talked to the dealership they were pushing him to trade it in for the price i want to pay, and then sell it directly to me + the taxes. Has anyone one heard of this kinda deal? Just wondering whats the advantage for the dealership. They told him it would save him some on the taxes of the new truck he's buying, but i duno..
BS, they just want monies. They are gonna screw you not him.
STEALership
2013 CC 5.3
81 C10 LS1 project
No doubt you will be the one with the green weenie on that one. Heck no. If he don't wanna sell it to you tell him to keep it.Originally Posted by tanz45
99RCSB Broke because I wasted thousands and thousands of dollars on my truck.
Not a problem with that as long as they sell to you for the same price. Your buddy will save some on taxes if he trades it. When you trade in a car, you only pay taxes on the difference between the new car price and the trade in price. Otherwise he will be paying taxes on the full amount of the new vehicle.
^+1 Have them make the origional price you were gonna pay to buy it from him the price from them (including TTL)
Racing is a real sport. Because football, baseball, soccer, and golf only require one ball.
+1
If they don't sell to you for the same price he would have, you can sue them for the difference and you WILL win. Business Law 101.
1969 Chevy RCLB C10 350/TH400 SOLD
2007 Chevy RCSB 4.8 4x4 LS SOLD
2008 Chevy RCSB 5.3 4x4 LT SOLD
2010 Chevy CCSB 6.2 4x4 LT SOLD
2005 GMC CCLB DRW 6.6 Duramax 4x4 191,000 and counting
2013 FORD CCSB F350 6.7 Powerstroke 4x4
Its really not a bad idea at all... you are going to have to pay taxes on it sooner or later, so weather you but it from him or them you will pay the same.
The advantage will be for him not having to pay taxes on the full price of the new truck he's buying.
I'd get something in writing from them before he trades it in so they dont try to pull some crap.
scott
2008 GMC SLE crewcab factory 20's 5.3 flowmaster CAI
^+1 writing's always a good thing. get a signature too
Racing is a real sport. Because football, baseball, soccer, and golf only require one ball.
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